Hindustan Aeronautics Ltd (NSE: HAL): Defense PSU Stock HAL: There’s a major update in the defense sector.
Defense PSU Hindustan Aeronautics (HAL) is currently preparing to enter into third-party contracts that will amount to Rs 70,000 crore.
The information came to light after citing sources. Companies such as L&T, Dynamatic Technologie, and Tata Advance Systems will benefit from this agreement.
The contract stipulates that aviation parts will be delivered to HAL. HAL has been awarded the contract to build 180 Tejas MKI 1A fighter jets within 8 years.
In the wake of this news, positive movements were seen in HAL today, and HAL’s share reached a record high of 52 weeks.
Big Orders Can Be Placed With HAL
According to reports, Hindustan Aeronautics Limited (HAL) will sign third-party agreements for around 70,000 rupees for the delivery of aviation-related parts.
The contract stipulates that L&T as well as Dynamatic Technologies will supply aviation components. In addition, Tata can also enter into advanced system agreements.
The contract to build an HAL 180 fighter jet has been granted. HAL will produce 180 Tejas MKI 1A fighter jets over the next eight years.
70 percent of the components as well as equipment are manufactured in India. This is a firm that is a player in the aerospace and defense industries.
Changes Are Evident In HAL Share
Following the announcement of the issue of a third-party contract by HAL, The stock rose to a whopping 1 percent during the early trading hours today (5 March) and hit its highest.
The stock also hit a record high for 52 weeks, with a value of 3253.70. HAL was a huge gainer for investors over the past year.
HAL shares have yielded gains of over 140 percent over a year. The stock has increased by over 60 percent within six months, and over 26 percent over three months.
The market capitalization for the firm on BSE was greater than 2.16 lakh crore.
About Hindustan Aeronautics Ltd Company
Hindustan Aeronautics Ltd. (HAL)is an aerospace company. It manufactures, repairs, and maintenance of Aircraft and Helicopters.
It was created in the year 1964. The principal office of the company is located in Bangalore.
Fundamental Analysis of Hindustan Aeronautics Ltd
| Market Cap | ₹ 2,16,482 Cr. |
| Current Price | ₹ 3,241.25 |
| 52-wk High | ₹ 3,266.75 |
| 52-wk Low | ₹ 1,237.55 |
| Stock P/E | 35.28 |
| Book Value | ₹ 375 |
| Dividend | 0.85 % |
| ROCE | 30.6 % |
| ROE | 27.2 % |
| Face Value | ₹ 5.00 |
| P/B Value | 8.63 |
| OPM | 25.2 % |
| EPS | ₹ 91.9 |
| Debt | ₹ 0.37 Cr. |
| Debt to Equity | 0.00 |
Hindustan Aeronautics (HAL) Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹3200 | ₹3600 |
| 2025 | ₹3689 | ₹3986 |
| 2026 | ₹4000 | ₹4324 |
| 2027 | ₹4435 | ₹4500 |
| 2028 | ₹4590 | ₹5000 |
| 2029 | ₹5089 | ₹5300 |
| 2030 | ₹5600 | ₹6000 |
Hindustan Aeronautics Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 75.15% |
| Mar 2023 | 71.65% |
| June 2023 | 71.64% |
| Sept 2023 | 71.64% |
| Dec 2023 | 71.64% |
| FII Holding | |
| Dec 2022 | 7.14% |
| Mar 2023 | 9.07% |
| June 2023 | 11.90% |
| Sept 2023 | 12.63% |
| Dec 2023 | 12.93% |
| DII Holding | |
| Dec 2022 | 12.72% |
| Mar 2023 | 13.93% |
| June 2023 | 10.64% |
| Sept 2023 | 9.72% |
| Dec 2023 | 9.13% |
| Public Holding | |
| Dec 2022 | 4.98% |
| Mar 2023 | 5.34% |
| June 2023 | 5.81% |
| Sept 2023 | 6.02% |
| Dec 2023 | 6.28% |
Hindustan Aeronautics Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 20,008 Cr |
| 2020 | ₹ 21,445 Cr |
| 2021 | ₹ 22,882 Cr |
| 2022 | ₹ 24,620 Cr |
| 2023 | ₹ 28,107 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 2,346 Cr |
| 2020 | ₹ 2,842 Cr |
| 2021 | ₹ 3,239 Cr |
| 2022 | ₹ 5,086 Cr |
| 2023 | ₹ 6,144 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.34 |
| 2020 | 0.44 |
| 2021 | 0 |
| 2022 | 0 |
| 2023 | 0 |
Last 10 Years’ Profit Growth:
| 10 Years: | 7% |
| 5 Years: | 24% |
| 3 Years: | 28% |
| Current Year: | 1% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 22% |
| 5 Years: | 25% |
| 3 Years: | 27% |
| Last Year: | 27% |
Sales Growth Over 10 Years:
| 10 Years: | 7% |
| 5 Years: | 8% |
| 3 Years: | 8% |
| Current Year: | 8% |
Conclusion
This article is a complete guide about Hindustan Aeronautics Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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